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Reading 01867
32 Grove Street
Photo of 32 Grove Street
Sold on Jul 27, 2007

1

Map

$400,000
● House - Off Market

32 Grove Street

Reading, MA 01867
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,944 Ft²
$786,882
RealtyHop Estimate
87.40%
Since Aug 1, 2007
MA-Boston
Primary Model

About This Property

Set on a 1/2 acre lot, this antique colonial has great space for a growing family. An Enclosed "rocking chair" porch welcomes you into a gracious foyer with 9 ft ceilings, period woodwk & HW flr.  French doors lead to the living room and dining room.  A large kitchen has a dining area. There are 2 additional rms on the 3rd fl.  A three level carriage house is ideal for an at home office or entertainment area. Walk to train. Minutes from highways.
Unit Size
2,944 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$143
Property Type
House
Property Taxes
$488
HOA Dues
-
Year Built
1897

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #70576386)

Price History

Date / Event Date Event Price
Jul 27, 2007 Sold
Premium
Sold
May 11, 2007 Listed $419,900
Listed
Aug 1, 1990 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1897
  • Effective Year Built: 1897
  • Building Count: 2
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 861
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,456
  • Total Building Area: 3,442
  • Gross Building Area: 5,458
  • Building Area: 3,442
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 3,442
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000470
  • Standard Land Use Code: 1001
  • County Land Use Code: 109

Neighborhood

  • School District Name: Reading School District
  • School Tax School District: READING SD
  • Census Tract: 334300

Zoning

  • Zoning: S15

Geography

  • Account Number: 1210000000
  • Parcel: READ M:026.0-0000-0185.0
  • Municipality: READING
  • Latitude: 42.5333
  • Longitude: -71.1201

    Address

  • Full Address: 32 Grove St
  • Address - House Number: 32
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C031
  • 4-Digit Zip Code: 1637
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,242,800

    Appraisal Valuation

  • Standard Deviation: 0.2171
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 1,108,046
  • High Value: 1,348,654
  • Low Value: 867,438

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,060,400
  • Assessed Land Value: $477,700
  • Assessed Improvements Value: $582,700

    Sales

  • Current Sale Recording Date: Jul 27, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00139240
  • Previous Sale Recording Date: Aug 01, 1990
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Reading

Stats & Trends

Median Asking:

$866,500

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2107 ft²

Average Home Age

60.3 years

Currently For Sale

42 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70576386

Frequently Asked Questions

When was property at 32 Grove Street built and last sold?
The property at 32 Grove Street was built in 1897 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 32 Grove Street is $468,023.
What are some comparable homes to 32 Grove Street?
There are currently no comparable homes to 32 Grove Street.
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